Tencent CEO Pony Ma has hailed China’s latest economic policies as a ‘game-changer’ for private businesses, pointing to new laws and stimulus measures aimed at fueling innovation and growth. In a People’s Daily commentary, Ma emphasized that Beijing’s Private Economy Promotion Law—open for public feedback until November 8—marks a historic step to empower companies like Tencent with legal safeguards and policy consistency. 🌍
Legal Backing for Growth
Ma highlighted the draft law as part of a broader push to create a ‘resilient, innovation-driven economy,’ with coordinated policies allowing businesses to focus on core goals like tech upgrades and sustainable expansion. China’s recent stimulus packages, targeting high-tech manufacturing and digital services, have also been praised for addressing economic headwinds while boosting consumer spending. 💡
Tech’s Role in Economic Revival
As the brains behind WeChat—China’s super-app used by over a billion—Ma stressed that tech giants must lead in ‘bridging digital innovation with real-world demand.’ Tencent plans to double down on projects aligned with national strategies, from smart consumption models to AI-driven industrial upgrades. 🚀
Liu Yonghao, chairman of New Hope Group, echoed the optimism, urging firms to ‘go all-in on R&D’ to stay competitive. Meanwhile, analyst Zhang Bin noted challenges like lagging demand but expressed confidence in policy-driven solutions.
With CEOs and experts rallying behind Beijing’s vision, China’s private sector is betting big on a tech-powered future. 🔥
